Alkami Technology Correlations

ALKT Stock

USD 16.37 0.77 4.94%

The current 90-days correlation between Alkami Technology and WEBTOON Entertainment Common is 0.41 (i.e., Very weak diversification). The correlation of Alkami Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Alkami Technology Correlation With Market

Very good diversification

The correlation between Alkami Technology and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alkami Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alkami Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkami Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy Alkami Stock please use our How to Invest in Alkami Technology guide.

Moving together with Alkami Stock

0.93	U	Unity Software	Pair Corr
0.69	BGE	Bridge Saas	Pair Corr
0.74	9NY	BYTES TECHGRP LS	Pair Corr
0.92	BL	Blackline	Pair Corr
0.86	DT	Dynatrace Holdings LLC	Pair Corr
0.95	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.89	35U	PAR TECHNOLOGY DL Earnings Call Today	Pair Corr
0.86	MQ	Marqeta Earnings Call This Week	Pair Corr
0.9	PD	Pagerduty	Pair Corr
0.74	VS	Versus Systems	Pair Corr
0.89	WK	Workiva	Pair Corr
0.72	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.9	RM	RM Plc	Pair Corr
0.88	2TY	PagerDuty	Pair Corr
0.91	DOCU	DocuSign	Pair Corr
0.72	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.68	1Q5	Dropbox	Pair Corr
0.69	VEEA	Veea Inc	Pair Corr
0.83	VERI	Veritone	Pair Corr
0.94	VERX	Vertex Tech Boost	Pair Corr
0.93	6NCA	NCINO INC DL	Pair Corr
0.9	DSGX	Descartes Systems	Pair Corr
0.81	LY0	Lyft Inc	Pair Corr
0.73	0M5	Bill Holdings	Pair Corr

Moving against Alkami Stock

0.9	60Z	UNIFIEDPOST GRP SANV Earnings Call Today	Pair Corr
0.82	DSG	Dillistone Group PLC	Pair Corr
0.69	JG	Aurora Mobile	Pair Corr
0.64	RNI	OXFORD METRICS LS	Pair Corr
0.34	LUS1	Lang Schwarz Aktieng	Pair Corr
0.67	89P	CLAVISTER HOLDING	Pair Corr
0.66	MKQ	Mitek Systems	Pair Corr
0.31	PR1	Pri0r1ty Intelligence	Pair Corr

Related Correlations Analysis

	WBTN	DBD	CXM	PLUS	MQ	IE	JAMF	PRGS	DV	GRND
WBTN		-0.72	0.79	0.63	0.74	-0.25	-0.1	0.44	0.72	0.77	WBTN
DBD	-0.72		-0.75	-0.75	-0.7	0.31	0.42	-0.52	-0.63	-0.69	DBD
CXM	0.79	-0.75		0.81	0.93	-0.29	-0.11	0.66	0.88	0.92	CXM
PLUS	0.63	-0.75	0.81		0.77	-0.29	-0.22	0.53	0.67	0.68	PLUS
MQ	0.74	-0.7	0.93	0.77		-0.44	-0.22	0.58	0.78	0.93	MQ
IE	-0.25	0.31	-0.29	-0.29	-0.44		0.52	0.1	0.03	-0.42	IE
JAMF	-0.1	0.42	-0.11	-0.22	-0.22	0.52		0.13	0.02	-0.34	JAMF
PRGS	0.44	-0.52	0.66	0.53	0.58	0.1	0.13		0.61	0.53	PRGS
DV	0.72	-0.63	0.88	0.67	0.78	0.03	0.02	0.61		0.8	DV
GRND	0.77	-0.69	0.92	0.68	0.93	-0.42	-0.34	0.53	0.8		GRND
	WBTN	DBD	CXM	PLUS	MQ	IE	JAMF	PRGS	DV	GRND

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MQ	+ 0.93	CXM
GRND	+ 0.93	MQ
GRND	+ 0.92	CXM
DV	+ 0.88	CXM
PLUS	+ 0.81	CXM
GRND	+ 0.8	DV

High negative correlations

PLUS	- 0.75	DBD
CXM	- 0.75	DBD
DBD	- 0.72	WBTN
MQ	- 0.7	DBD
GRND	- 0.69	DBD
DV	- 0.63	DBD

Risk-Adjusted Indicators

There is a big difference between Alkami Stock performing well and Alkami Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Alkami Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WBTN	2.06	(0.29)	0.00	(0.08)	0.00	0.00	4.90	(4.43)	15.24
DBD	1.46	0.36	0.17	0.53	1.55	(1.59)	3.07	(2.67)	8.60
CXM	1.72	(0.46)	0.00	(0.35)	0.00	0.00	2.65	(5.11)	10.75
PLUS	1.36	(0.33)	0.00	(0.14)	0.00	0.00	2.81	(2.65)	8.26
MQ	1.77	(0.46)	0.00	(0.23)	0.00	0.00	2.60	(3.61)	9.53
IE	3.76	0.25	0.07	0.20	4.95	(3.84)	7.65	(8.07)	27.03
JAMF	0.58	0.30	2.09	1.83	0.00	(0.83)	0.46	(0.15)	15.40
PRGS	2.07	0.10	0.00	(0.48)	3.29	(2.04)	3.82	(4.11)	23.54
DV	1.64	(0.18)	0.00	(0.13)	0.00	0.00	3.39	(4.25)	11.88
GRND	1.70	(0.37)	0.00	(0.41)	0.00	0.00	3.31	(3.81)	12.94

Alkami Technology Corporate Management

Prerna Sachdeva	Chief Officer	Profile
Stephen Bohanon	Chief CoFounder	Profile
Douglas Linebarger	Chief Secretary	Profile
Bryan Hill	CFO Treasurer	Profile
Jeff Johnson	Director Devel	Profile
Gagan Kanjlia	Chief Officer	Profile
Douglas JD	Chief Secretary	Profile

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